Sierra Space raises $1.4 billion in investment capital
Capitalism in space: Sierra Space, the space subsidiary of Sierra Nevada, has raised $1.4 billion in investment capital in a recent round of fund-raising.
The company will use the funds to support development of Dream Chaser, the lifting-body vehicle it is building for to transport cargo for the International Space Station starting in late 2022. The company originally developed Dream Chaser to carry people as a competitor in NASA’s commercial crew program, and company executives have frequently stated they still plan to develop a crewed version at a later date.
The funds will also support development of its Large Integrated Flexible Environment (LIFE) inflatable module. Both LIFE and Dream Chaser are part of Orbital Reef, the commercial space station concept announced Oct. 25 by a team that includes Sierra Space along with Blue Origin, Boeing and Redwire.
It appears that the investment community likes the Orbital Reef commercial space station concept, and especially likes Sierra Space’s part in it. This influx of cash also suggests that the investors got a good look at the status of Dream Chaser, and were satisfied its development was proceeding as planned.
Capitalism in space: Sierra Space, the space subsidiary of Sierra Nevada, has raised $1.4 billion in investment capital in a recent round of fund-raising.
The company will use the funds to support development of Dream Chaser, the lifting-body vehicle it is building for to transport cargo for the International Space Station starting in late 2022. The company originally developed Dream Chaser to carry people as a competitor in NASA’s commercial crew program, and company executives have frequently stated they still plan to develop a crewed version at a later date.
The funds will also support development of its Large Integrated Flexible Environment (LIFE) inflatable module. Both LIFE and Dream Chaser are part of Orbital Reef, the commercial space station concept announced Oct. 25 by a team that includes Sierra Space along with Blue Origin, Boeing and Redwire.
It appears that the investment community likes the Orbital Reef commercial space station concept, and especially likes Sierra Space’s part in it. This influx of cash also suggests that the investors got a good look at the status of Dream Chaser, and were satisfied its development was proceeding as planned.